Gate Ventures: Tech stocks drive market recovery, crypto assets and investment/financing recover in tandem.

According to Gate Ventures' latest weekly report, there are signs of a phased recovery in the macro environment. Major stock indices showed divergent performance but were generally upward, and market risk appetite has rebounded. Against this backdrop, the crypto market rebounded in tandem, with BTC rising 6.6% and ETH rising 4.7%, recording net inflows of approximately $823.7 million and $155 million respectively into spot ETFs, indicating a strengthening of capital inflows. The overall market capitalization rose 5.2%, while the market capitalization excluding BTC and ETH increased by 2.6%, indicating that the upward momentum is beginning to spread to a wider range of assets, but the pace remains relatively moderate. In terms of asset and industry dynamics, structural opportunities continue to emerge. The top 30 assets rose by an average of 4.2%. Meanwhile, on-chain and industry-level progress continues, including the ongoing evolution of digital currency infrastructure and asset on-chaining. In terms of investment and financing, 12 transactions were completed last week, with a total disclosed financing amount of approximately $54.89 million, an increase of approximately 31% week-on-week, with funds mainly flowing into the DeFi and infrastructure sectors. Among them, JPYC completed a $17.62 million funding round to advance the construction of the Japanese yen stablecoin infrastructure; 3F completed a $4 million seed round, with investors including Gate Ventures. Against the backdrop of a marginal improvement in the macroeconomic environment, investment and financing activity has rebounded, with funds still focusing on long-term application scenarios and underlying capability building in a volatile environment.